Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$222,743$222,743$288,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$65,257$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.175%7.640%
1st payment$1,379.71$1,379.71$1,994.05
2nd payment$0.00$489.43$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$104.46$104.46$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,900.84$2,390.27$2,468.32
Cash to close$97,257$32,000$32,000